No disallowance U/s. 10A for mere higher profits if the same is not found to be for tax avoidance

 ITAT HYDERABAD BENCH ‘A’ Zavata India (P.) Ltd. versus Income-tax Officer, Ward 3(2), Hyderabad IT Appeal No. 628 (Hyd.) of 2008 [ASSESSMENT YEAR 2004-05] JANUARY  31, 2013 ORDER B. Ramakotaiah, Accountant Member This is an appeal by the assessee against the orders of the CIT(A)-I, Visakhapatnam dated 24.01.2008. 2. The issue in this appeal is whether the Assessing Officer is correct in invoking the provisions of S.10A(7) read with S.80IA(10) of the Act on the basis of the Transfer Pricing Study undertaken by the assessee. 3. Briefly stated, the assessee is in t...